What is the most profitable loan?
Last year, according to statistics, 75% of Russians said they did not want to live on credit. This year, those turned out to be 56%. The numbers say that more and more people trust banks. Experts attribute this largely to the law, which obliged banks to call a potential interest rate to a potential borrower, and not 4-6, as it was before. Remember that interest on the loan increased markedly when they were added to a one-time amount for service, monthly account maintenance, etc. Now the bank calls the interest on the loan, and it is final. In the event of a violation, the payers go to court and win the case, receiving full compensation. Therefore, it remains only to find out which loan is the most profitable.
Mortgage credit lending
Very right are those customers of banks who argue that the most profitable mortgage loan. And indeed, he has a low percentage, a small initial amount, and he is given for a period of 10 to 30 years! If we take into account inflation for 30 years, it will turn out that the bank will still remain in the red, and the client will get many benefits.If the interest rate of a consumer loan is on average from 19 to 22%, then you can get a mortgage loan with an interest rate from 10.2 to 15-16%. The advantage is those who have a large initial amount in their hands, and who take a mortgage for a shorter period. You can also take a mortgage from a social mortgage company that works in almost every region. They have the lowest interest rates, but a huge package of documents is needed for consideration. When deciding where the most profitable loan is, you need to think about the reliability of the bank; it is better to give preference to the bank that has a share of state capital.
If you want to find the most favorable loan for a car, then you need to look at all the same parameters as for a mortgage. Interest rates on car loans are also about the same, 10-12%. It should be understood that until you pay this loan, the car will be owned by the bank. You can not sell it. If that’s what your plans are, then it’s best to take a simple consumer loan.
Before looking for a bank, you need to understand which one is beneficial for you to take out a loan.For some, a smaller percentage may be a benefit, for another person - the absence of requirements for permanent work and official income, and for the third - the speed of provision. If you are still interested in saving, then it is best to contact a regular, proven bank with all the standard requirements. Most often, borrowers take a simple consumer loan, the average rate on it is 22%. If you think where it is more profitable to take a consumer loan, then stop at proven stable banks, take for a longer period that can be repaid ahead of schedule.